The Only Way to Stimulate Flagging Economies – High Wages for Workers! - International Prose

The Only Way to Stimulate Flagging Economies – High Wages for Workers!
by jude Saturday, Jun 8 2019, 12:23am
international / prose / post

Today 'Laissez faire' (unregulated) failed economies flourish in the west, they are known as 'trickle down' economies, the MYTH being that unregulated economies prosper as those able to perform best increase their wealth and benefit the community at large by re-investing in production. However, Laissez faire economies have PROVEN they only benefit the already wealthy and the so-called trickle down effect does not exist, as the unregulated, under-taxed wealthy elites channel all available funds back to themselves.

Furthermore, deregulation has resulted in huge financial crimes, as was evident with the banking collapse and subsequent global economic collapse of 2008 – this is history, so no arguments against the NEGATIVE effects of laissez faire capitalism are valid, plain to see – as historical REALITY overrides all apologetics and excuses.

So we KNOW that Laissez faire economies ONLY FAIL, YET they persist. Today, unregulated, mega-wealthy elites pay virtually no tax and the taxation burden, which is used to maintain state and national infrastructure, social services, medical, education, etc – is passed to struggling average workers. And all this while the huge, runaway disparity between rich and poor increases daily, as the mega-wealthy, armed with large ill-gotten funds are today easily able to buy legislators to maintain the faulty economic policy structures, which allows continued thieving from national incomes throughout the western world – the result of course is economic stagnation for the many and opulence for the few. Clearly, this is not the way a healthy economy is supposed to work. I now refer readers to a detailed explanation of today's sick, western economies here, and understand that the writer is a specialist and was an economic adviser to president Reagan, ignore his accurate observations to your own high cost.

Clearly, the current western economic model is in dire need of reform as, if it is allowed to continue, it would end in ruin for all, including known, elite economic parasites that know better but are captive to the addiction of short term gain/profits, so are powerless to break their addiction and nasty behavioural habits.

Moreover, if western economies do not reform they can only end in ruin regardless of the many tricks and subterfuges employed by Central Reserve Banks and 'free' markets, which are simply a mechanism through which mega-wealthy elites are able to siphon ever more profits, due to the fact that the largest investors – I'm talking thousands of $trillions – own all western financial markets by virtue of their enormous combined wealth.

So the current economic system is not only unfair to the extreme but is headed for total collapse, do not forget that TARP and QE, were meant to be short term 'fixes,' however, they have become untenable, 'permanent solutions.' And never forget that it was public money which bailed out unregulated private sector banks/finance. So economic strength is clearly based on the combined wealth of the public/people/workers, not white collar CEO criminals that are forever exploiting and strangling the public/nation.

Now the REAL fix, which reforms should be obvious to all, but first some very good economic advice from the New Testament of all places, though readers should be aware I used a tree analogy at the outset. But let's hear it from Jesus himself – Luke 6:43-44:

43“For a good tree does not bear bad fruit, nor does a bad tree bear good fruit. 44 For every tree is known by its own fruit. For men do not gather figs from thorns, nor do they gather grapes from a bramble bush“

The real proven fix/solution is obvious, plant and cultivate good trees, systems/models. So in the economic sense what stimulates national and international economies – and it's not austerity, which is clearly a means to compensate for the wealth economic parasites steal – it's higher wages for average people. Increasing wages for workers has a proven successful history. For those that remember the 60's, wealth disparity was narrow and workers were paid fair wages for their labour, which wages were spent in the broader economy NOT hogged like the elites of today, which worker spending stimulated the national economy; disposable incomes, after attending to basic survival requirements, allowed for more spending, which spending stimulated/increased business enterprises, employment and other economic benefits throughout the economy. Tax systems were fairer and those that had more paid more tax, which critical factor has been REVERSED in unregulated economies today. However, the sick and addicted to wealth for its own sake, elites, that buy/corrupt our governments, won't have it (fairness), they continue to buy/corrupt government legislators, which is why they continue to prosper at everyone's and the nation's expense – which model clearly leaves the MAJORITY struggling and hungry, while of course minority elites and the mega-wealthy accrue evermore wealth.

The (current) model/'tree' clearly does not provide for all and we know what should be done to remedy the situation, though I pause at this time to introduce more age-old wisdom that everyone is able to understand.

Clearly, if anything (economic model or otherwise ) does not adequately provide and/or perform efficiently what should we do? Again the answer, if it isn't already obvious, is provided by JC:

Mark 11:12–14
“The next day as they were leaving Bethany, Jesus was hungry. Seeing in the distance a fig tree in leaf, he went to find out if it had any fruit. When he reached it, he found nothing but leaves, because it was not the season for figs. Then he said to the tree, "May no one ever eat fruit from you again". And his disciples heard him say it.“

So if the tree that should bear good fruit (economic model) does not adequately provide, Jesus and common sense informs us that we should abandon it, 'cut it down.'

Matthew 7:19-20
“19 Every tree that does not bear good fruit is cut down and thrown into the fire. 20 Therefore by their fruits you will know them.”

And Oh, how well do we know robber barons and corrupt, incompetent governments today?